Regulation of FinTech: a multi-jurisdiction approach

FinTech is big business and helps solve real world problems from savings, to transacting in a digital world.

Earlier this year, MinterEllisonRuddWatts was approached by the New Zealand Treasury, as part of its review of the Reserve Bank of New Zealand Act 1989, to prepare a report on the approaches taken by other jurisdictions to regulate FinTech.

The countries looked at were:

Australia

Ireland

Hong Kong

Estonia

The United Kingdom

Canada

Singapore

Our leading experts have summarised the key aspects of the report in a short whitepaper.

The summary outlines New Zealand’s current approach to FinTech, lessons from overseas jurisdictions, options New Zealand could take for future regulation, and identifies four key approaches: